Cost Of Living in Elmo, TX

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15%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

45%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Elmo	Texas	National
Cost of living	85	94	100
Groceries	99	98	100
Health care	100	98	100
Housing	55	83	100
Transportation	95	98	100
Utilities	103	103	100
Lifestyle & Entertainment	99	98	100
Household Items	99	98	100
Education & Childcare	94	98	100

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Homes For Sale In Elmo, TX

11350 County Road 377

Terrell, TX

TBD 11 Acres County Road 35

Elmo, TX

12475 FM 2728

Terrell, TX

Cost Of Living Quick Facts

The cost of living in Elmo is 10% lower than the Texas average
The cost of living in Elmo is 15% lower than the national average
Elmo housing is 45% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$95,646	$7,971	$2,232	$2,870
Renters	$0	$0	$0	$0

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Oak Ridge town (Cooke County), TX	124	84	16.0%
Hawk Cove, TX	443	85	14.9%
West Tawakoni, TX	2,053	86	14.4%
Wills Point, TX	3,698	86	13.7%
Quinlan, TX	1,799	89	11.4%
Elmo, TX	1,796	85	14.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sparta, GA	1,796	83	16.5%
Winterville, GA	1,795	104	3.9%
Maple Plain, MN	1,797	108	7.8%
Nisswa, MN	1,795	118	17.9%
Bismarck, MO	1,797	84	15.8%
Elmo, TX	1,796	85	14.8%